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7th September 1999

INTERIM RESULTS FOR THE MONTHS ENDED 30 JUNE 1999

  • Sales on continuing operations up 27% to £720m (1998: £568m)
  • Six per cent underlying organic sales growth across the Group
  • Operating profit* on continuing operations up 23% to £101.4m(1998: £82.7m)
  • Profit before tax* up 9% to £91.6m (1998: £83.9m)
  • Basic earnings per share* up 10% to 14.6p (1998: 13.3p)
  • Dividend per share up 9% to 2.9p (1998: 2.65p)
  • Continued strong investment in businesses with capital expenditure of £60m (1998: £50m)

* before goodwill amortisation and FID benefit

Commenting on the results, Roberto Quarta, Group Chief Executive, said:

"These results reflect an excellent start to the year, with strong growth in sales and earnings. We have delivered our organic sales growth target of six per cent.

BBA has continued to strengthen its core products and services through the application of technology. We have developed new customer offerings, increased our productive capacity and broadened the Group's geographic presence.

These strategic drivers of BBA's growth are fully underpinned by a substantial programme of capital investment to secure the Group's future progress."

ENQUIRIES:

Roberto Quarta, Chief Executive, BBA Group PLC, 020 7842 4900
Roy McGlone, Finance Director
Susan Gilchrist/Nigel Prideaux, Brunswick, 020 7404 5959